Blockchain technology has been deployed by a wide range of industries. Precisely, the investment banks, DLT (digital ledger technology) offers superior benefits by rendering specialized services. It could be utilized not only for recording transactions, but also (through the use of extended blockchain languages) to automate contracts, including such processes as execution, conveyance, payment, and escrow. This holds particular advantages in the case of extremely time-sensitive investments, or in markets such as commodities, where delivery may be contingent on multiple conditions.
Many institutional clients and big banking giants seem to be showing their interests in the blockchain domain. Very recently, JPM also announced of its JPM coin.
For now, French-based credit institution Societe Generale SFH, which is a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, has issued a 100 million euro ($112 million) bond as a security token on the Ethereum (ETH) blockchain.
Societe Generale SFH has gone on its debut pilot project on ethereum blockchain in collaboration with Societe Generale FORGE. The latter is an internal start-up launched through the Group’s intrapreneurial program, the Internal Start-up Call.
In the recent past, J.P. Morgan has also made its digital currency initiative in the name of ‘JPM’s Coin’, the reputed US-based IB firm divulged about its Ethereum-based stablecoin which is the extension of JPMorgan’s blockchain initiative, Quorum, an enterprise-level distributed ledger protocol forked from the Go Ethereum client.
Wherein a press release dated April 23, the company mentioned that its subsidiary ‘Societe Generale SFH’ issued EUR 100m of covered bonds (obligations de financement de l’habitat or “OFH”) as a security token, directly registered on the Ethereum blockchain on April 18.
While Soc.Gen’s objective is to explore a more efficient method of bond issuance and scrutinize discrepancies, that is likely to provide better transparency, simplify solutions, and hence, expedite the settlement process.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 76 levels (which is bullish), while USD is at 113 (highly bullish) while articulating at (07:05 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


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